FORTUNE | BeBop Sensors, a Berkeley, Calif.-based smart fabric sensor maker, raised more than $10 million in a Series A funding. Bullpen Capital led the round.
PE HUB NETWORK | BeBop Sensors Inc said April 18 that it raised more than $10 million in a Series A round led by Bullpen Capital. BeBop, of Berkeley, California, provides smart fabric sensors.
THE NEW YORK TIMES | In search of reasonable rent, the middle-class backbone of San Francisco — maitre d’s, teachers, bookstore managers, lounge musicians, copywriters and merchandise planners — are engaging in an unusual experiment in communal living: They are moving into dorms.
ANDROID HEADLINES | Spotify should become its own record label according to one industry expert. The world’s biggest streaming service recently announced plans for its own initial public offering but after confirming a huge loss of $1.5 billion in 2017, a number of investors appear to be pretty reluctant when it comes to investing in the company.
DIGITAL TRENDS | Despite having more than 70 million subscribers and at least 140 million active users, Spotify isn’t profitable. During its IPO, the streaming service said it generated $4.99 billion in revenue in 2017, but still posted a loss of $1.5 billion.
MARKETS INSIDER | Spotify's direct public offering confirmed potential Spotify investors' biggest fear — that music rights and licensing fees were a huge cost of doing business. But one industry expert believes there’s one way for Spotify to break out of the music industry's chain: become a music label themselves.